Parameter &1 contains no value or an invalid one in field &2

What causes this issue?

The filling of global data between the parameter and command function
in the current output variant failed. Parameter &V1& must contain a
valid value in field &V2&.

System Response

Processing is terminated.

How to fix this error?

Contact your system administrator.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.